Sen. Fattman Files College Cost Transparency Legislation

Jan 22, 2018 03:17PM
● By Pamela Johnson

Sen. Ryan Fattman (R-Webster)

Amendment would mandate pertinent financial information be made public

BOSTON – In an effort to make known the full costs of attending a college in the Massachusetts university system, State Senator Ryan C. Fattman (R-Webster) filed legislation that would provide students with information about expected financial assistance and anticipated debt incurred from getting a college degree.

The “Student Know Before You Go Program” established under the legislation would give important financial metrics to current and prospective students who elect to attend the Commonwealth’s higher education system.

“As a millennial with college debt, I understand how student loans are handicapping an entire generation. We need to make sure students attending college have the full financial picture while obtaining their degree,” said Fattman.

The amendment would mandate that state universities publicly post financial information, including the percentage of students who receive financial aid, the student transfer rate, and the average amount of federal loan debt assumed by students.